LightInTheBox (NYSE: LITB) lifts profit and secures new AI funding

Rhea-AI Filing Summary

LightInTheBox Holding Co., Ltd. (LITB) reported unaudited results for the quarter and six months ended June 30, 2026, showing mixed quarterly trends but stronger first-half performance. Second-quarter 2026 revenue was $56.8 million, down slightly from $58.9 million a year earlier as the company phased out certain long-tail products. Q2 net income was $1.6 million, compared with $2.0 million in Q2 2025, while gross margin stayed high at 66%, and Adjusted EBITDA reached $1.9 million.

For the first half of 2026, revenue rose about 3% year over year to $108.8 million, net income increased roughly 28% to $2.7 million, and Adjusted EBITDA improved to $3.3 million. The company closed a $5.49 million private placement on August 10, 2026 to support its AI-focused strategic transformation and continued its share repurchase program, having bought back 657,305 ADSs for about $1.5 million as of August 21, 2026. LightInTheBox also announced a CFO transition, appointing Wenyu (Wendy) Liu as Chief Financial Officer effective August 21, 2026.

Positive

• First-half profitability strengthened: H1 2026 revenue was $108.8 million (about 3% growth), with net income up roughly 28% to $2.7 million and Adjusted EBITDA rising to $3.3 million, indicating improved efficiency despite headwinds.
• Capital raised for AI-focused transformation: A private placement closed on August 10, 2026 generated approximately $5.49 million in gross proceeds to support strategic initiatives in the AI era.
• Ongoing share repurchases: Under an expanded program authorizing up to $3.0 million through December 31, 2026, the company has repurchased 657,305 ADSs for about $1.5 million, returning capital to shareholders.
• Shareholders’ deficit narrowed: Total shareholders’ deficit improved from $(3.98) million at December 31, 2025 to $(1.02) million at June 30, 2026, reflecting accumulated earnings and repurchase activity.

Negative

• Quarterly earnings down year over year: Q2 2026 net income was $1.6 million, below $2.0 million in Q2 2025, while revenue declined from $58.9 million to $56.8 million amid product mix adjustments.
• Cash position decreased: Cash and cash equivalents declined from $23.6 million at December 31, 2025 to $16.0 million at June 30, 2026, reducing liquidity.
• Balance sheet remains in deficit: Despite improvement, the company still reported a total shareholders’ deficit of about $1.0 million at June 30, 2026, with total liabilities exceeding total assets.

Filing Explained

This Form 6-K furnishes the unaudited June 30 balance sheet: current liabilities were $63,360 thousand against current assets of $26,826 thousand, and total liabilities of $64,531 thousand exceeded total assets of $63,515 thousand, leaving shareholders’ deficit of $1,016 thousand.

Key Figures

Q2 2026 Total revenues: $56,815 thousand Q2 2026 Net income: $1,572 thousand H1 2026 Total revenues: $108,791 thousand +5 more

8 metrics

Q2 2026 Total revenues $56,815 thousand Three months ended June 30, 2026

Q2 2026 Net income $1,572 thousand Three months ended June 30, 2026

H1 2026 Total revenues $108,791 thousand Six months ended June 30, 2026 vs $105,900 thousand in H1 2025

H1 2026 Net income $2,731 thousand Six months ended June 30, 2026 vs $2,135 thousand in H1 2025

H1 2026 Adjusted EBITDA $3,339 thousand Six months ended June 30, 2026 vs $2,985 thousand in H1 2025

Private placement gross proceeds $5.49 million Closed on August 10, 2026 to support strategic transformation

ADSs repurchased 657,305 ADSs Repurchased under share buyback program as of August 21, 2026

Cash and cash equivalents $15,969 thousand Balance as of June 30, 2026

Key Terms

Adjusted EBITDA, private placement financing, share repurchase program, non-GAAP financial measure, +1 more

5 terms

Adjusted EBITDA financial

"Revenue decreased modestly... generating net income of $1.6 million and Adjusted EBITDA of $1.9 million."

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

private placement financing financial

"we announced the closing of a private placement financing that raised approximately $5.49 million"

Private placement financing is when a company raises money by selling stocks, bonds or other securities directly to a small group of chosen investors instead of offering them on the public market. For investors it matters because these deals can change ownership stakes, bring fresh cash for growth or debt reduction, and affect how easy it is to buy or sell those securities later—think of it like inviting a few private backers into a business rather than opening the door to the whole neighborhood.

share repurchase program financial

"authorized a share repurchase program under which the Company may repurchase up to $0.7 million"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

non-GAAP financial measure financial

"considers and uses a non-GAAP financial measure, Adjusted EBITDA, as a supplemental measure"

A non-GAAP financial measure is a way companies present their financial results that excludes certain expenses or income to show how they believe their core business is performing. It matters because it can give a clearer picture of how the company is really doing, but it can also be used to make results look better than they actually are.

direct-to-consumer (DTC) financial

"LightInTheBox is a global direct-to-consumer (DTC) e-commerce company"

A direct-to-consumer (DTC) model is a business approach where a company sells its products or services straight to customers, skipping middlemen such as retail stores or distributors. For investors, DTC matters because it can boost profit margins, give the company direct access to customer data and feedback, and change how fast it can grow or face inventory and marketing costs — think of a farmer selling at a market rather than through a supermarket chain.

Earnings Snapshot

Q2 2026 Total revenues: $56,815 thousand

Quarter and six months ended June 30, 2026

Q2 2026 Total revenues $56,815 thousand Down from $58,882 thousand in Q2 2025

Q2 2026 Net income $1,572 thousand Down from $2,021 thousand in Q2 2025

H1 2026 Total revenues $108,791 thousand Up from $105,900 thousand in H1 2025 (about 3% increase)

H1 2026 Net income $2,731 thousand Up from $2,135 thousand in H1 2025 (approximately 28% increase)

H1 2026 Adjusted EBITDA $3,339 thousand Up from $2,985 thousand in H1 2025

FAQ

How did LightInTheBox (LITB) perform financially in Q2 2026?

LightInTheBox reported Q2 2026 revenue of $56.8 million, down from $58.9 million a year earlier, with net income of $1.6 million versus $2.0 million in Q2 2025. Gross margin remained strong at 66%, and Adjusted EBITDA was $1.9 million.

What were LightInTheBox’s first-half 2026 results?

For the six months ended June 30, 2026, LightInTheBox generated revenue of $108.8 million, about 3% higher year over year. Net income rose to $2.7 million, up roughly 28%, and Adjusted EBITDA increased to $3.3 million from $3.0 million.

How much capital did LightInTheBox (LITB) raise in its August 2026 private placement?

On August 10, 2026, LightInTheBox closed a private placement financing that raised approximately $5.49 million in gross proceeds. The company states that the funds will support and accelerate its strategic transformation to enhance competitiveness in the AI era.

What is the status of LightInTheBox’s share repurchase program?

The board authorized repurchases of up to $3.0 million of ordinary shares in ADS form through December 31, 2026. As of August 21, 2026, the company had repurchased 657,305 ADSs for a total of about $1.5 million.

Who is the new CFO of LightInTheBox (LITB)?

LightInTheBox appointed Ms. Wenyu (Wendy) Liu as Chief Financial Officer effective August 21, 2026, succeeding Mr. Suhai Ji, who resigned for personal reasons. Ms. Liu has been the company’s Chief Growth Officer since 2020 and previously co-founded e-commerce platform Ezbuy.

What does Adjusted EBITDA mean in LightInTheBox’s 2026 results?

LightInTheBox defines Adjusted EBITDA as net income before share-based compensation expense, interest income, interest expense, income tax benefit or expense, and depreciation and amortization. H1 2026 Adjusted EBITDA was $3.3 million, compared with $3.0 million in the prior-year period.

What is LightInTheBox’s balance sheet position as of June 30, 2026?

As of June 30, 2026, LightInTheBox reported total assets of $63.5 million and total liabilities of $64.5 million, resulting in a shareholders’ deficit of about $1.0 million. Cash and cash equivalents were $16.0 million.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 6-K: How Foreign Companies Report to the SEC →

Available on EDGAR 08/26/2026 - 07:01 AM Accepted by SEC EDGAR 08/26/2026 - 07:00 AM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the month of August 2026

Commission File Number: 001-35942

LightInTheBox Holding Co., Ltd.

4 Pandan Crescent #03-03

Singapore (128475)

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

x  Form 20-F                 ¨   Form 40-F

EXHIBIT INDEX

Exhibit 99.1 – LightInTheBox Reports Second Quarter 2026 Financial Results

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	LIGHTINTHEBOX HOLDING CO., LTD.
	By:	/s/ Jian He
	Name:	Jian He
	Title:	Chairman and Chief Executive Officer

Date: August 26, 2026

3

Exhibit 99.1

LightInTheBox Reports Second Quarter 2026 Financial Results

SINGAPORE, August 26, 2026 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) (“LightInTheBox” or the “Company”), a global consumer lifestyle company, today announced its unaudited financial results for the second quarter ended June 30, 2026.

Second Quarter 2026 Financial Highlights

· Total Revenues were $56.8 million, a modest 4% decrease year over year, as the company optimized its product mix through phasing out long-tail products.

· Gross Profit was $37.6 million, compared with $38.8 million in the same quarter last year.

· Gross Margin was 66.1%, compared with 65.9% in the same quarter last year, which remained stable.

· Operating Expenses were $35.5 million, compared with $36.9 million in the same quarter last year.

o Fulfillment Expenses decreased by 3% year over year to $4.2 million.

o Selling and Marketing Expenses decreased by 4% year over year to $26.7 million.

o General and Administrative Expenses decreased by 5% year over year to $4.6 million, of which Research and Development expenses were $2.3 million.

· Net Income reached $1.6 million, compared with $2.0 million in the same quarter last year, marking sustained profitability amidst industry challenges.

· Adjusted EBITDA was $1.9 million, compared with $2.3 million in the same quarter last year.

First Half 2026 Financial Highlights

· Total Revenues were $108.8 million, a 3% increase year over year.

· Gross Profit was $71.4 million, compared with $69.4 million in the same period last year.

· Gross Margin was 65.6% compared with 65.6% in 2025, which remained stable.

· Operating Expenses increased by 1% year over year to $68.2 million.

o Fulfillment Expenses increased by 1% year over year to $8.3 million.

o Selling and Marketing Expenses increased by 3% year over year to $51.3 million.

o General and Administrative Expenses decreased by 10% year over year to $8.8 million, of which Research and Development expenses were $4.6 million.

· Net Income reached $2.7 million, compared with $2.1 million in 2025, showcasing sustainable profitability.

· Adjusted EBITDA was $3.3 million, compared with $3.0 million in the same period last year.

Jian He, Chairman and CEO of LightInTheBox, commented, “In the second quarter, we continued to execute with discipline amid geopolitical disruptions, higher logistics costs and foreign exchange headwinds. Revenue decreased modestly as we deliberately phased out some long-tail products, while gross margin remained stable at 66%. Through disciplined expense management, we remained profitable, generating net income of $1.6 million and Adjusted EBITDA of $1.9 million.”

“Our first-half results provide a clearer indication of the progress we are making. Revenue increased by 3% year over year to $108.8 million, net income grew by approximately 28% to $2.7 million, and Adjusted EBITDA improved by $0.4 million year over year to $3.3 million. This performance demonstrates the increasing resilience and efficiency of our business model.”

“On August 10, 2026, we announced the closing of a private placement financing that raised approximately $5.49 million in gross proceeds. The proceeds will support and accelerate the Company’s strategic transformation to strengthen its competitiveness in the AI era.”

“While the external environment remains uncertain, we are encouraged by the progress achieved during the first half of the year. We are also pleased to have successfully completed our private placement, which supports the execution of our strategic priorities and better positions the Company for the AI era.” Mr. He concluded.

Share Repurchase Program

On March 31, 2025, the Company’s board of directors authorized a share repurchase program under which the Company may repurchase up to $0.7 million of its ordinary shares in the form of ADSs no later than June 30, 2025. The Company has since extended the share repurchase program through December 31, 2025, then further to June 30, 2026, and then to December 31, 2026, with total repurchase amount up to $3.0 million. As of August 21, 2026, the Company has repurchased 657,305 ADSs with a total aggregate value of approximately $1.5 million.

CFO Transition Update

The Company is pleased to announce the appointment of Ms. Wenyu Liu (Wendy) as Chief Financial Officer, effective on August 21, 2026, succeeding Mr. Suhai Ji, who resigned for personal reasons.

“On behalf of the Company, I would like to extend our special thanks to Suhai for his valuable contribution over his tenure and wish him all the best in his future endeavors.” said Mr. Jian He, Chairman and CEO of LightInTheBox.

Wendy has served as LightInTheBox’s Chief Growth Officer since August 2020. Prior to joining LightInTheBox, Wendy was a co-founder of Ezbuy, a Singapore-based leading cross-border e-commerce platform founded in 2010 and acquired by LightInTheBox in 2018. Ms. Liu concurrently leads its Singapore team as Chief Executive Officer. Ms. Liu has been working in the e-commerce sector since she was in university where she has developed a deep understanding and appreciation for the convenience and savings consumers enjoy from online shopping. Ms. Liu has spearheaded the development of technology to reduce the reliance on heavy upfront investments and improve corporate flexibility to operate anywhere and at any time. Ms. Liu holds a first-class honor degree in Electrical & Electronics Engineering with a minor in Business from the Nanyang Technological University of Singapore and a Master’s Degree in Industrial & Systems Engineering from the National University of Singapore.

Conference Call

The Company will hold an earnings conference call to discuss the results at 8:00 a.m. Eastern Time August 26, 2026 (8:00 p.m. Hong Kong/Singapore Time on the same day).

Preregistration Information

Participants can register for the conference call by going to https://s1.c-conf.com/diamondpass/10056871-fngk6z.html. Upon registration, participants will receive dial-in numbers, an event passcode, and a unique access PIN.

To join the conference, simply dial the number in the calendar invite you receive after preregistering, enter the event passcode followed by your unique access PIN, and you will be connected to the conference instantly.

A telephone replay will be available two hours after the conclusion of the conference call through September 2, 2026. The dial-in details are:

US/Canada:	+1-855-883-1031
Singapore:	800-101-3223
Hong Kong, China:	800-930-639
Replay PIN:	10056871

Additionally, a live and archived webcast of the conference call will be available on the Company’s Investor Relations website at https://ir.ador.com.

About LightInTheBox Holding Co., Ltd.

Founded in 2007, LightInTheBox is a global direct-to-consumer (DTC) e-commerce company dedicated to delivering a joyful lifestyle to consumers worldwide. Leveraging AI-driven market insights and agile supply chain systems, it aims to capture consumer preferences and sentiment to offer differentiated products, driving consumer engagement through deep emotional resonance. LightInTheBox also adopts a brand matrix strategy by launching its own apparel brands such as Ador to further strengthen its position as a consumer lifestyle company. Additionally, LightInTheBox offers a comprehensive suite of services to e-commerce companies, including advertising, supply chain management, payment processing, order fulfillment, and shipping and delivery solutions.

For more information, please visit https://ir.ador.com.

Non-GAAP Financial Measure

In evaluating the business, the Company considers and uses a non-GAAP measure, Adjusted EBITDA, as a supplemental measure to review and assess operating performance. The presentation of this non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The Company’s non-GAAP financial measure excludes share-based compensation expenses, depreciation and amortization expenses, interest income, interest expenses and income tax benefit / (expense).

The Company presents this non-GAAP financial measure because it is used by management to evaluate operating performance and formulate business plans. The Company believes that the non-GAAP financial measure helps identify underlying trends in its business. The Company also believes that the non-GAAP financial measure could provide further information about the Company’s results of operations and enhance the overall understanding of the Company’s past performance and future prospects.

The non-GAAP financial measure is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. The non-GAAP financial measure has limitations as an analytical tool. The Company’s non-GAAP financial measure does not reflect all items of income and expenses that affect the Company’s operations and does not represent the residual cash flow available for discretionary expenditures. Further, the non-GAAP measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for the limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating performance. The Company encourages you to review the Company’s financial information in its entirety and not rely on a single financial measure.

For more information on the non-GAAP financial measure, please see the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results” set forth at the end of this press release.

Safe Harbor Statement

This press release contains forward-looking statements that involve risks and uncertainties. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets” and similar statements. Among other things, statements that are not historical facts, including statements about LightInTheBox’s beliefs and expectations, the business outlook and quotations from management in this announcement, as well as LightInTheBox’s strategic and operational plans, are or contain forward-looking statements.

LightInTheBox may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: LightInTheBox’s goals and strategies; LightInTheBox’s future business development, results of operations and financial condition; the expected growth of the global online retail market; LightInTheBox’s ability to attract customers and further enhance customer experience and product offerings; LightInTheBox’s ability to strengthen its supply chain efficiency and optimize its logistics network; LightInTheBox’s expectations regarding demand for and market acceptance of its products; competition; fluctuations in general economic and business conditions; changes in tariffs and trade policies; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in LightInTheBox’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and LightInTheBox does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

Investor Relations
LightInTheBox Holding Co., Ltd.
Email: ir@ador.com

Serena Huang
Octans Capital Group
Email: litb@octanscap.com

LightInTheBox Holding Co., Ltd.

Unaudited Condensed Consolidated Balance Sheets

(U.S. dollars in thousands, or otherwise noted)

		As of December 31,				As of June 30,
		2025				2026
ASSETS
Current Assets
Cash and cash equivalents			23,629				15,969
Restricted cash			2,319				1,540
Accounts receivable, net			1,355				1,639
Inventories			4,943				5,514
Prepayments and other current assets, net			1,884				2,164
Total current assets			34,130				26,826
Property and equipment, net			1,313				1,042
Intangible assets, net			2,180				1,893
Goodwill			27,800				28,632
Operating lease right-of-use assets			6,068				4,592
Long-term rental deposits			434				453
Long-term investments			77				77
TOTAL ASSETS			72,002				63,515
LIABILITIES AND SHAREHOLDERS’ DEFICIT
Current Liabilities
Short-term borrowings			715				737
Accounts payable			12,309				8,779
Advance from customers			9,194				9,684
Operating lease liabilities			2,818				1,901
Accrued expenses and other current liabilities			48,956				42,259
Total current liabilities			73,992				63,360
Operating lease liabilities			1,886				1,087
Deferred tax liabilities			107				84
TOTAL LIABILITIES			75,985				64,531
SHAREHOLDERS’ DEFICIT
Ordinary shares			17				17
Additional paid-in capital			280,646				280,598
Treasury shares			(29,392	)			(30,067	)
Statutory reserves			396				396
Accumulated other comprehensive loss			(1,723	)			(764	)
Accumulated deficit			(253,927	)			(251,196	)
TOTAL SHAREHOLDERS’ DEFICIT			(3,983	)			(1,016	)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT			72,002				63,515

LightInTheBox Holding Co., Ltd.

Unaudited Condensed Consolidated Statements of Operations

(U.S. dollars in thousands, except per share data, or otherwise noted)

		Three Months Ended June 30,								Six Months Ended June 30,
		2025				2026				2025				2026
Revenues
Product sales			56,671				55,058				101,471				105,116
Services and others			2,211				1,757				4,429				3,675
Total revenues			58,882				56,815				105,900				108,791
Cost of revenues
Product sales			(19,635	)			(18,822	)			(35,484	)			(36,620	)
Services and others			(445	)			(427	)			(967	)			(802	)
Total Cost of revenues			(20,080	)			(19,249	)			(36,451	)			(37,422	)
Gross profit			38,802				37,566				69,449				71,369
Operating expenses
Fulfillment			(4,355	)			(4,221	)			(8,225	)			(8,302	)
Selling and marketing			(27,849	)			(26,743	)			(49,745	)			(51,332	)
General and administrative			(4,857	)			(4,610	)			(9,819	)			(8,819	)
Other operating income, net			163				77				367				287
Total operating expenses			(36,898	)			(35,497	)			(67,422	)			(68,166	)
Income from operations			1,904				2,069				2,027				3,203
Interest income			3				-				5				-
Interest expense			(5	)			(5	)			(9	)			(9	)
Other income / (expense), net			12				(490	)			5				(481	)
Total other income / (expense)			10				(495	)			1				(490	）
Income before income taxes			1,914				1,574				2,028				2,713
Income tax benefit / (expense)			107				(2	)			107				18
Net income			2,021				1,572				2,135				2,731
Net income attributable to LightInTheBox Holding Co., Ltd.			2,021				1,572				2,135				2,731
Weighted average numbers of shares used in calculating net income per ordinary share
-Basic			219,963,072				214,538,028				220,320,143				215,227,363
-Diluted			220,156,552				214,704,348				220,567,883				215,388,604
Net income per ordinary share
-Basic			0.01				0.01				0.01				0.01
-Diluted			0.01				0.01				0.01				0.01
Net income per ADS (12 ordinary shares equal to 1 ADS)
-Basic			0.11				0.09				0.12				0.15
-Diluted			0.11				0.09				0.12				0.15

LightInTheBox Holding Co., Ltd.

Unaudited Reconciliations of GAAP and Non-GAAP Results

(U.S. dollars in thousands, or otherwise noted)

		Three Months Ended June 30,								Six Months Ended June 30,
		2025				2026				2025				2026
Net income			2,021				1,572				2,135				2,731
Interest income			(3	)			-				(5	)			-
Interest expense			5				5				9				9
Income tax (benefit) / expense			(107	)			2				(107	)			(18	)
Depreciation and amortization			426				292				866				610
EBITDA			2,342				1,871				2,898				3,332
Share-based compensation			1				3				87				7
Adjusted EBITDA*			2,343				1,874				2,985				3,339

* Adjusted EBITDA represents net income before share-based compensation expense, interest income, interest expense, income tax expense / benefit and depreciation and amortization expenses.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EXHIBIT 99.1 143.2 KB